Thursday, May 22, 2025
Iraq rejects KRG-US energy deals: Only federal government can authorize
Shafaq News/ On Wednesday, Iraq’s Oil Ministry dismissed the two energy agreements recently signed between the Kurdistan Regional Government (KRG) and American companies.
Oil Minister Hayan Abdul-Ghani told Shafaq News that only the federal government has the legal mandate to authorize contracts. “The management of Iraq’s oil wealth falls under Iraq’s authority,” he clarified.
The KRG earlier announced two contracts in Washington with US-based firms HKN Energy and WesternZagros, worth tens of billions of dollars, to expand oil production and infrastructure.
However, the ministry formally rejected the deals, citing Federal Supreme Court rulings that invalidate contracts signed unilaterally by the KRG after 2012 and 2019 decisions.
The KRG’s Ministry of Natural Resources defended the agreements. “These contracts are lawful and were approved through judicial processes,” the ministry said in a statement, rejecting Baghdad’s interpretation.
Tensions between Baghdad and Erbil over oil governance have long fueled disputes, particularly around control, revenue-sharing, and the legality of Regional contracts.
✅ “ZIM, Dong & Dinar: The Hidden Rates That Could Change Everything”
🌍 Global Currency Reset: What’s Happening Now
The so-called “RV Redemption” is reportedly entering a new phase, according to various sources. What was once considered speculation is now being presented as a potential shift in the global financial system.
👉 This movement is described as an effort to restructure traditional economic control and introduce alternative financial frameworks.
🏦 Redemption Centers: How the Process Would Work
According to this narrative, “Redemption Centers” would operate differently from traditional banks.
These centers are said to offer:
- Higher exchange rates
- Access to advanced financial tools
- Integration with systems like the QFS
Some claims also suggest that individuals with humanitarian project proposals may already be pre-approved.
💰 Structured Payouts and Distribution Theories
Reports within this space suggest a payout structure based on age groups:
- Ages 61+: up to $61M
- Ages 45–60: up to $38M
- Ages 24–44: up to $23M
👉 These figures are often linked to alleged historical agreements said to have been established decades ago.
🌐 Currencies Involved in the Exchange Narrative
Several currencies are frequently mentioned:
- Iraqi Dinar
- Vietnamese Dong
- Zimbabwe ZIM
Some claims suggest these could be backed by tangible assets or assigned significantly higher values than currently recognized.
👉 This remains one of the most debated aspects of the narrative.
🪙 XRP and the Alternative Financial System
Another key element is the role of XRP in this scenario.
Some interpretations claim:
- It was not designed solely for trading
- It could play a role in global liquidity
- It may be connected to emerging financial systems
👉 However, many of these claims are not officially verified.
⚠️ Preparation and Key Considerations
Within these narratives, there is often an emphasis on preparation, including:
- Legal documentation
- Financial planning
- Short- and long-term strategies
There are also mentions of confidentiality agreements (NDAs) and structured processes following any potential redemption.
⏳ Current Phase and What’s Expected
According to these sources, the process is said to be in a notification phase.
👉 Participants would receive instructions directly and be expected to act quickly.
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Iraq, Gazprom ink deal to boost Badra oil and gas output
Shafaq News/ Iraq’s Midland Oil Company (MdOC) signed the first amendment to the Badra oil field service contract on Thursday with Russia’s Gazprom and its consortium partners, to increase oil and gas production from the field.
The signing ceremony was attended by Deputy Oil Minister for Extraction Affairs Bassem Mohammed Khudair, Russian Ambassador to Baghdad Elbrus Kutrashev, and several senior officials from Iraq’s oil sector.
Khudair emphasized the Oil Ministry’s commitment to sustaining production operations across national oilfields and supporting the work of international companies operating in Iraq.
MdOC Director General Mohammed Yassin said the amendment is intended to raise production rates during the remaining term of the contract, thereby maximizing state revenues.
TIDBIT FROM FRANK26
Frank26
This is actually happening. I know it's late. I know it's a constant delay but it really truly sincerely is happening...
The articles keep screaming everything that [Boots on the ground Firefly's banking friend] Mr Sammy wants to tell us. Mr. Sammy knows damn well that it's about to happen.. .
Right now it's not a guessing game anymore. It is a reality...The whole world is not coming to Iraq because of 1310. These are exciting time for our investment. That's my opinionated fact...
FRANK26…5-28-26….THINKING
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🌍 Global Currency Reset: What’s Happening Now The so-called “RV Redemption” is reportedly entering a new phase, according to various sour...
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A groundbreaking and irreversible shift is occurring in the global financial system as it rapidly transitions to a gold-backed structure. T...
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